6/8/1984 -- Irsay the Guitarist --- Jim Irsay (right) hits a rock 'n' roll beat on the guitar at the Vogue night club. He played with Bob Kevoian (left), a WFBQ disc jockey, and Colts cinematographer Marty Hecksher. Several members of the Colts, including coach Frank Kush, were in the audience. Rich Miller photo

Colts owner Jim Irsay talks about the 40th anniversary of the Irsay family owning the Colts franchise in his office at the Colts complex on Thursday, October 6, 2011. (Matt Detrich / The Star) Matt Detrich

The Colts will raffle off five Super Bowl rings to raise money for charity.The Indianapolis Colts will host a unique ãBlue Tuesdayä party on Monument Circle with live music, cheerleader autographs, Colts give-a-ways and more. The event will serve as the backdrop for a surprise announcement at 12:00 p.m. from Colts Owner Jim Irsay regarding a once in a lifetime opportunity for Colts fans across Indiana. 10/30/2007. Alan Petersime/Indianapolis Star Alan Petersime Indianapolis Star

Casey Coyle Irsay, 25, goofs off with her father, Indianapolis Colts owner Jim Irsay, for a picture at the Colts Complex on W. 56th Street on Thursday, September 25, 2008. She is a vice president with the Colts and is being groomed by her father for a bigger role with the organization. (Charlie Nye / The Star). Charlie Nye Indianapolis Star

Quarterback Peyton Manning, of Tennissee, holds holds up an Indianapolis Colts jersey as he is flanked by Colts owner Jim Irsay, left, and NFL Commissioner Paul Tagliabue Saturday, April 18, 1998, in New York after being chosen by the Colts as the No. 1 pick in the in draft Saturday. (AP Photo/Adam Nadel) ADAM NADEL AP

Colts quarterback Peyton Manning holds the 2010 MVP trophy while standing with Colts President Bill Polian and Colts owner Jim Irsay before the start of Sunday's pre-season game against the San Francisco 49ers on August 15, 2010. The Colts lost 37-17. (Matt Detrich / The Star) Matt Detrich

Former Indianapolis Colt Marvin Harrison,left, Colts owner Jim Irsay and former head coach Tony Dungy pose for a photo after being honored and receiving their Pro Football Hall of Fame rings at halftime of the Colts game Thursday, November 24, evening at Lucas Oil Stadium. Matt_Kryger/Indy_Star

Chris Ballard was introduced as the Indianapolis Colts new general manager Monday, January 30, 2017, afternoon at the Colts Indiana Farm Bureau Football Center. Here he is with Colts owner/CEO Jim Irsay. Matt Kryger/IndyStar

Pictured here, Jim Irsay playing the Martin guitar that was a gift from freind, Singer songwrighter Stephen Stills. For a Cathy Kightlinger story on The Irsay Collection exhibit at the Indiana State Museum (Winter 2011-2012). Frank Espich/The Star Frank Espich Indianapolis Star

FACES TELL THE STORY: The long awaited announcement that quarterback Peyton Manning and the Indianapolis Colts were parting ways was a very difficult one by both Manning, left, and team owner Jim Irsay, at the Colts Complex on W. 56th Street in Indianapolis on Wednesday, March 7, 2012. Irsay said that it was "the conclusion of Peyton's playing career with the Colts" and he wanted to "honor all the incredible memories." Manning, who said he doesn't want to retire, said, "I still want to play. There's no other team I've ever wanted to play for. Nobody's had it better than I have, playing for the Indianapolis Colts these 14 years." He also said, "It's certainly been emotional. It's weighed heavy on my heart. But I am at peace with it." Charlie Nye / The Star Charlie Nye Indianapolis Star

Luck listens as he is introduced at the press confrence by Colts owner Jim Irsay. This is from the Colts draft party at Lucas Oil Stadium Friday April 27, 2012 where number one draft pick Andrew Luck spoke to the media and then to a crowd of fans. Rob Goebel/The Star. Rob Goebel Indianapolis Star

Former Indianapolis Colts running backs Eric Dickerson, left, and Marshall Faulk stand with owner Jim Irsay after being inducted into the "Ring of Honor" during halftime of the game against the Houston Texans, Sunday, December 15, 2013, at Lucas Oil Stadium. Brent Drinkut/The Star

Colts Owner Jim Irsay, who is known for his fondness for rock and roll, climbed on stage with his guitar Saturday at his pre-Super Bowl party in Miami. His friend, Stephen Stills, was among the all-star band that backed him up as he covered Bob Seger's "Turn the Page." Cathy Kightlinger/The Star Cathy Kightlinger

Susan Williams (left) with Indiana Sports Corp,, Jim Irsay, owner of the Indianapolis Colts, Indiana Governor, Mitch Daniels and Indianapolis Mayor, Greg Ballard, on the front row during the Wednesday morning, July 18, 2012, news conference at Lucas Oil Stadium, for the official announcement of the economic impact for Super Bowl XLVI. the Mayor made it official as well that he has put Indianapolis in for the bid for Super Bowl LII in 2018. (Frank Espich/The Star) Frank Espich Indianapolis Star

1972: Jim's father, Robert Irsay, buys the Los Angeles Rams for $16 million, then trades them for the Baltimore Colts and $3 million in cash.

1977: Jim graduates from Loyola Academy in Wilmette, Ill.

Aug. 2, 1980: Marries high school sweetheart Meg Coyle.

1982: Graduates from Southern Methodist University with broadcast journalism degree; joins the Colts, working in the ticket office and public relations.

March 28, 1984: Colts move to Indianapolis in the middle of the night.

April 26, 1984: Bob Irsay names Jim general manager.

Oct. 31, 1987: Jim engineers a trade for star running back Eric Dickerson, one of the franchise's most significant moves ever. The trade sends linebacker Cornelius Bennett to Buffalo, where he becomes a star.

1987: Colts win the AFC East Division with a 9-6 record and make their first playoff appearance since moving to Indianapolis, losing 38-21 to Cleveland.

1991: Colts' worst season ends with 1-15 record.

Jan. 7, 1994: Bob Irsay hires Bill Tobin as vice president and director of football operations, elevating him over Jim.

Jan. 14, 1996: Colts lose AFC Championship game — and a trip to the Super Bowl — when last-second Hail Mary pass falls incomplete in game against Pittsburgh Steelers.

Jan. 14, 1997: Bob Irsay dies, leaving ownership of the team in a legal dispute between Jim and Bob's second wife, Nancy Irsay.

Dec. 5, 1997: Jim and Nancy Irsay reach an agreement that gives Jim sole ownership of the Colts. At 37, he is the youngest owner in the NFL. Nancy gets a reported financial settlement near $12 million and Robert Irsay's 38-acre estate in Carmel.

Dec. 22, 1997: Irsay hires Bill Polian as Colts president and head of football operations.

Jan. 13, 1998: Irsay and the city of Indianapolis agree on a renegotiated lease for the RCA Dome, providing the team at least $8 million a year in dome-generated revenues and assuring the city the franchise will stay at least 10 years.

April 1998: Colts choose quarterback Peyton Manning with the first overall pick in the 1998 NFL draft.

1998-99: Colts go 13-3 and win AFC East but lose to Tennessee Titans in the playoffs.

May 22, 2001: Irsay pays $2.43 million for the original manuscript of Jack Kerouac's "On The Road."

Jim Irsay, owner of the Indianapolis Colts, talks about his purchase of the original manuscript of the first draft of Jack Kerouac's "On The Road."(Photo: AP)

Jan. 22, 2002: Colts hire Tony Dungy as head coach, just days after he was let go by the Tampa Bay Buccaneers.

April 25, 2002: With neighbors voicing complaints, Irsay gives up his effort to fly his $6 million helicopter from the helipad at his Carmel estate.

Sept. 8, 2002: An ESPN report rekindles speculation that the Colts will move to Los Angeles. Irsay denies the report and says the Colts are committed to Indianapolis until at least 2003, but it sets off a flurry of debate over the Colts' future. Mayor Bart Peterson says the city may be forced to make annual payments to the Colts of more than $10 million to keep the team.

Sept. 17, 2002: Meg Irsay renews her request for legal separation.

October 2002: Irsay and the city say they will begin negotiations to keep the team in Indianapolis.

November 2002: Irsay confirms he sought treatment for an addiction to prescription pain medication. Irsay said he sought professional help at a nationally recognized facility outside of Indiana.

November 2002: The owner of Nora Apothecary gives federal investigators records showing he filled 120 prescriptions over about a one-year period — including the painkiller OxyContin — for Colts owner Jim Irsay.

January 2012: Irsay fires Colts vice chairman Bill Polian and his son, Chris, after they preside over a 2-14 record, the team's worst record in two decades. Caldwell is fired days later. Irsay hires Ryan Grigson from Philadelphia as general manager and Chuck Pagano, Ravens defensive coordinator.

February 2012: Irsay is inducted into Junior Achievement of Central Indiana's Business Hall of Fame.

March 2012: Irsay cuts Manning, and the two give an emotional press conference. Irsay said: "There will be no other Peyton Manning."

April 2012: The Colts select Andrew Luck with the No. 1 overall pick.

Oct. 2012: Pagano is diagnosed with leukemia. A week later, Irsay delivered the game ball from the Colts 30-27 victory over Green Bay to Pagano at the hospital. "I'll never forget the look on his face when we walked in with the game ball," Irsay said. "We'll all treasure this moment forever."

2012: The Colts rebound from a 2-14 season to finish 11-5 and make the playoffs.

2013: The Colts finish with a 11-5 record and win the AFC South title. After falling behind 38-10 in the third quarter, Luck leads the team to a 45-44 victory over the Kansas City Chiefs in the first round of the playoffs.

March 16, 2014: Irsay is arrested in Carmel, Ind., on four preliminary felony counts of possession of a controlled substance and two misdemeanor counts of operating a vehicle while intoxicated and operating a vehicle with a controlled substance in the body. Police said they found him in possession of prescription drugs after pulling him over for erratic driving.

May 20, 2014: Irsay joins former Colts star Jeff Saturday and others in Atlanta for a NFL owners' meeting where the 2018 Super Bowl bids are made. Minnesota's Twin Cities emerged the winner in a vote of owners, beating out Indianapolis and New Orleans.